STPI to launch incubator to promote research, startups in health tech

The Lucknow-based hub will nurture 50 start-ups over 5 years

Amid the priority accorded to attaining self reliance in medical infra and consumables in the wake of the Covid-19 pandemic, the Software Technology Parks of India (STPI) will launch an incubator, MedTech, in Lucknow to promote research and startups in the fields of medical electronics and health informatics.

Spread over a built-up area of 18,000 sq ft, the Centre of Excellence (CoE) costing Rs 22 crore will nurture 50 startups over a period of five years.

It will also facilitate R&D in medical and health domains, while facilitating an entrepreneurial ecosystem to promote innovation in affordable, high-quality indigenous medical products, drive employment